Cyclotides are plant-derived mini-proteins that are exceptionally stable and have a wide range of biological activities, with their principal function thought to be in plant defense. Their putative defense-related activities include insecticidal, anthelmintic, molluscicidal, cytotoxic and antimicrobial. This article offers insights into the mechanism of action of their various toxic activities, and includes a discussion of target organisms and cell lines, with the corresponding lethality/inhibitory concentrations. The article provides an overview on the discovery and applications of cyclotides, mainly in the pharmaceutical and agricultural fields, with a greater emphasis on the latter. The article also covers the various currently used approaches to cyclotide synthesis, focusing on those that potentially can be used for commercially exploiting cyclotides to produce novel pest control agents.